STOCKS SURGE: Dow Jones Jumps 100 Points, Smashes NEW Record

Originally published at: STOCKS SURGE: Dow Jones Jumps 100 Points, Smashes NEW Record | Sean Hannity

The Dow Jones Industrial Average continued to soar under President Trump and the Republican-controlled Senate Tuesday; jumping more than 100 points in early day trading while smashing another new record.

The Dow Jones Industrial Average traded 96.44 points higher to 28,551.53, while the S&P 500 rose 0.1%, or 2.79 points, to 3,224.01 and the Nasdaq Composite advanced 0.2%, or 20.69 points, to 8,945.65. The three major averages all posted record closes. Shares of Boeing led the gains, jumping 2.9% after the company ousted CEO Dennis Muilenburg amid the 737 Max crisis,” reports CNBC.

“Investors cheered the news that China will cut import tariffs on a wide range of goods. China’s finance ministry announced starting January 1, it will lower import tariffs on over 850 products ranging from frozen pork to some types of semiconductors. China is making efforts to boost imports amid a slowing economy and a trade war with the U.S,” adds the website.

“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal, a dovish Fed, economic data that isn’t getting worse and Brexit resolution,” Tom Essaye, founder of Sevens Report, said Monday.

Read the full report here.

Source: CNBC